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The board said 1,809 existing single-family homes and condominiums were sold last down 12 percentfrom 2,064 a year ago. Home salesw contracts, an indication of future were off 19 percent from last yearat 1,467 units. The averagd sale price in Central Ohio last month stoodfat $168,576. That’s up or a fraction of a percent, from $168,344 a year ago. The last time the averagwe sale price posteda year-over-year gain was in Novemberd 2007, when the average area home sold for more than The board said the marginal gain in sale pricew – a small step toward a more balanced market indicates more first-time homebuyers are taking the helped by an $8,000 tax Board President Gary Parsonss said Realtors are expecting sales to pick up in the summee with about five months left to take advantagw of the federal tax incentive.
The glut of listingzs on the market eased last month as falling 17 percentto 14,848 homes. Home sales in the first five monthas of the year fell 19 percentto 6,756 from 8,367. The average sale price was down 6 percentat $148,956, comparerd with $158,877 last year. Boarcd of Realtors statistics include marketr information from most ofthe seven-count region along with parts of nine nearby
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